It was a big week for oil markets as demand optimism sent oil prices beyond $65 and oil majors reported promising earnings, but prices pulled back on Friday morning as covid concerns in India grew. For more great energy content, make sure you subscribe to the Oilprice youtube channel for breaking news and analysis. Friday, April 30th, 2021 Oil prices posted gains for much of this week but traded down on Friday. A bit of profit-taking after strong gains, combined with concerns about the worsening outlook in India, likely contributed to the move down. Exxon and Chevron report big boost in profit. ExxonMobil (NYSE: XOM) reported $2.7-billion profit in the first quarter, and Chevron (NYSE: CVX) said it earned $1.4 billion. Shale CEOs stick with restraint, mostly. Ovintiv (NYSE: OVV) CEO Doug Suttles told Bloomberg that the industry is maintaining capital discipline. At the same time, Continental Resources (NYSE: […]